Interpublic Group of Companies (NYSE:IPG) Given New $32.00 Price Target at Barclays

Interpublic Group of Companies (NYSE:IPG - Get Free Report) had its price target decreased by investment analysts at Barclays from $32.50 to $32.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the business services provider's stock. Barclays's price objective points to a potential upside of 7.47% from the company's current price.

IPG has been the subject of several other reports. Bank of America cut their target price on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Macquarie reaffirmed a "neutral" rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday. Wells Fargo & Company reissued an "underweight" rating and set a $26.00 price target (down from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday. BNP Paribas downgraded Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a research note on Monday, September 30th. Finally, Morgan Stanley lowered shares of Interpublic Group of Companies from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $34.00 to $28.00 in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $31.75.

Interpublic Group of Companies Trading Down 5.8 %

Shares of IPG stock opened at $29.78 on Wednesday. The stock has a fifty day simple moving average of $31.39 and a two-hundred day simple moving average of $30.75. Interpublic Group of Companies has a 52-week low of $27.53 and a 52-week high of $35.17. The firm has a market capitalization of $11.24 billion, a PE ratio of 10.60, a PEG ratio of 5.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the company earned $0.70 EPS. The firm's quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts predict that Interpublic Group of Companies will post 2.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Interpublic Group of Companies

Large investors have recently made changes to their positions in the company. Signet Financial Management LLC boosted its position in shares of Interpublic Group of Companies by 2.0% during the first quarter. Signet Financial Management LLC now owns 20,550 shares of the business services provider's stock valued at $671,000 after buying an additional 395 shares during the period. 180 Wealth Advisors LLC purchased a new position in Interpublic Group of Companies during the 1st quarter valued at $211,000. Fifth Third Wealth Advisors LLC bought a new position in Interpublic Group of Companies in the 1st quarter valued at $211,000. AMF Tjanstepension AB increased its stake in Interpublic Group of Companies by 2.2% in the first quarter. AMF Tjanstepension AB now owns 148,658 shares of the business services provider's stock worth $4,851,000 after purchasing an additional 3,250 shares during the period. Finally, Diversified Trust Co increased its stake in Interpublic Group of Companies by 17.1% in the first quarter. Diversified Trust Co now owns 109,048 shares of the business services provider's stock worth $3,558,000 after purchasing an additional 15,947 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.

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